化工行业ETF易方达(516570)上涨2.05%，冲击3连涨，“反内卷”政策发力改善供需，化工行业盈利修复路径清晰

Group 1 - The chemical industry is experiencing a strong upward trend, with the Zhongzheng Petrochemical Industry Index rising by 1.90% and the E Fund Chemical Industry ETF increasing by 2.05%, indicating a significant market movement [1] - Tianfeng Securities highlights that the chemical industry has entered a historical bottom phase, with supply-side adjustments gaining weight under the "anti-involution" policy, shifting the focus from capacity expansion to stock optimization [1] - Key sub-sectors such as coal chemical, organic silicon, spandex, and pesticides are expected to achieve a supply-demand reversal, supported by technological upgrades and high-value product layouts, leading to potential profit recovery for leading enterprises [1] Group 2 - Guangfa Securities anticipates that the chemical industry will enter a phase of profit cycle reversal, driven by the advancement of anti-involution policies, a decline in capital expenditure, and the onset of overseas interest rate cuts [1] - In growth areas, the solid-state battery industrialization is approaching, and the trend of upgrading new battery materials like sulfides is clear, positioning them as important development directions within the lithium battery supply chain [1] - The E Fund Chemical Industry ETF (516570) offers a cost-effective investment option with a management and custody fee rate of 0.15% + 0.05% per year, significantly lower than similar ETF products in the petrochemical sector, thus reducing investor costs [2]